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Mar 20, 2013
03/13
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washington loves to talk about taxes. a long time now sideways spending is the problem and until we talk about spending it doesn't matter what revenue you get. got to fix the spending problem. >> nancy pelosi says we don't have a spending problem. actually, you've got -- hoyer saying we do. paul krugman you don't have to worry about medicare until 2025. this has bubbled up on the left the past three or four months. we call it debt deniers here. what is going on here? >> i've been saying the same thing for ten years. since i was at the cbo. the facts haven't changed. if you look at the numbers, you know, spending at rates you cannot tax your way out of and can't grow your way out of the only thing you can do is get your arms around those programs. what it's come down to is the recognition that we have to do something different in medicare. we have to do something digit in medicaid. fix the social security on its own merits and this is really a fight about how to save the social safety net. the sad part for me is there shou
washington loves to talk about taxes. a long time now sideways spending is the problem and until we talk about spending it doesn't matter what revenue you get. got to fix the spending problem. >> nancy pelosi says we don't have a spending problem. actually, you've got -- hoyer saying we do. paul krugman you don't have to worry about medicare until 2025. this has bubbled up on the left the past three or four months. we call it debt deniers here. what is going on here? >> i've been...
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Mar 19, 2013
03/13
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you can only tax people. on top of that for democrats to go around saying when bill mmaher to say the rich are not paying their fair share. both sides have to figure out how to moderate. >> absolutely. after the $600 billion tax increase, the rate increases on top of state and local taxes. for most people in high brackets, it's well above 50%. we are done with the tax part and it's closing the so-called tax expenditures and we will do the charitable donations for wealthy people. you have to start talking about growth. whichever side really gets serious about growth, there is one or two positive things. one is energy transformation. that is exciting and made it more competitive. the president never did anything serious about trade. right now we are on the verge of starting two major trade negotiations. one is the transpacific negotiations and the others will start a u.s.-european negotiations. this involves something like 60 or 70%. this is potentially a major energy if you can get serious about trade and help
you can only tax people. on top of that for democrats to go around saying when bill mmaher to say the rich are not paying their fair share. both sides have to figure out how to moderate. >> absolutely. after the $600 billion tax increase, the rate increases on top of state and local taxes. for most people in high brackets, it's well above 50%. we are done with the tax part and it's closing the so-called tax expenditures and we will do the charitable donations for wealthy people. you have...
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Mar 18, 2013
03/13
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of course tax cuts are a tool used by keynesians. and tax increases. something that traditional keynesians are against in bad times. we always hear about austerity in great britain, a cross europe. there'll be talks about the spending cuts. but we never hear about the tax increases. and when you start talking about that, talk about the fact that they cut spending, slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases have more or less the same effect. they both take money out of the economy. they both slow the economy. and, yes, they create this idea of austerity. but, look, it's a balancing problem. you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much t
of course tax cuts are a tool used by keynesians. and tax increases. something that traditional keynesians are against in bad times. we always hear about austerity in great britain, a cross europe. there'll be talks about the spending cuts. but we never hear about the tax increases. and when you start talking about that, talk about the fact that they cut spending, slash spending at the same time they hike taxes, it really was a formula made to fail. >> spending cuts and tax increases have...
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Mar 21, 2013
03/13
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the only place with a lot of money are the banks, the departs of the they said we think you should tax departs. imposing austerity is not going to work here, there's only a million people. this country sdwaedoesn't want this because they're a business model. their business model is to attract deposits here. they pay 4% and 5%. so that's the big fight, how do they come up with that 5.8 billion. they may have to shut down banks. that's why you're seeing lines at the atm. >> so how does this resolve itself over the next week? >> reporter: so the banks are going to be closed at least until tuesday. that's the deadline that the european central bank has said to cyprus you better come up with the deal or else we're going to cut off your banks. that means they're not going to fly in cash like they have been doing, they're not going to provide liquidity. if you don't know what that means, it's very simple. the weak banks will fail, they'll get shut down and people will lose a lot of money. that's probably how it's going to end up happening in some form or fashion. the weirdest possible outlier
the only place with a lot of money are the banks, the departs of the they said we think you should tax departs. imposing austerity is not going to work here, there's only a million people. this country sdwaedoesn't want this because they're a business model. their business model is to attract deposits here. they pay 4% and 5%. so that's the big fight, how do they come up with that 5.8 billion. they may have to shut down banks. that's why you're seeing lines at the atm. >> so how does this...
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Mar 22, 2013
03/13
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